The government temporarily eases lending regulations for one year to prevent the reverse jeonse crisis.

Among these, there are some notable real estate policies.

It is a 'reverse jeonse loan' to prevent the reverse jeonse tax crisis.

What is reverse tax?!
When the charter contract is renewed, the existing charter price will decrease, so you have to add more of your money and return it to the lessee (tenant).

For example,
It can be seen that the existing jeonse of 600 million won became 500 million won when the charter was renewed.

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The Bank of Korea reported that about 1.02 million households, or 52.4% of all jeonse households, are estimated to be at risk of reverse jeonse in April this year.

and
Considering that the housing rental contract reporting system has been implemented since 2021 and is still in the guidance period... the actual size of risk households for canned jeonse and reverse jeonse is likely to be much higher than estimated.

also,

Reverse charter tax with remaining contracts accounted for 59.1%,
In the case of can charter, it is said that 72.9% of the maturity comes back intensively from the second half of this year to the first half of next year.

To prevent such a situation, the government
The application of 40% of the DSR (total debt repayment ratio), which was applied from July 2021, has been temporarily applied for 1 year for loans for the purpose of returning the jeonse deposit.

DSR (Total Debt Principal Repayment Ratio) is calculated based on the repayment of principal and interest of all loans, such as negative bankbooks, card loans, credit loans, and car installments, for home mortgage loans, so the loan amount is significantly lower.

but

DTI (Total Debt Service Ratio) is limited to the ratio of the principal and interest repayment of a home mortgage loan, so you can see the effect of significantly increasing the loan amount.

for example...
If the annual income is KRW 40 million, a loan of KRW 280 million is possible with the application of 40% DSR.
DTI 60% application can borrow up to KRW 420 million.
The difference is about 1.4 billion...
The higher the annual income, the larger the difference becomes.

The target of support is the landlord (landlord) who is in a reverse jeonse situation nearing the deposit return date, and the new jeonse deposit is lower than the existing deposit or if a subsequent tenant cannot be found.

What's good about this reverse tax loan...
In principle, the loan amount is supported within the difference in deposit.
If you cannot find a follow-up tenant, under the premise of a 'special contract'
It means that you can get a loan for your deposit within the loan limit.

The special contract is preferential repayment of the loan through the jeonse deposit of the subsequent tenant,
It is said that it is a loan to protect subsequent tenants, so it is prohibited to use it for purposes other than to return the deposit.

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My bro's thoughts are...
It's a one-year loan, but...
For those who are clever, it is possible to prevent the decrease in the deposit price in billions.
It seems highly likely that the real estate market will stop falling in price for a while.

hmm...
Indeed, I wonder how the real estate market will react @.@